https://www.taxtmi.com/caselaws?id=421048 The Tribunal upheld the decision to treat rental income as business income, denying the assessee's claim for standard deduction and carry forward of capital loss. The Tribunal agreed with the Assessing Officer and Commissioner of Income Tax (Appeals) that the rental income, derived from leasing commercial property with maintenance services, should be classified as business income. The Tribunal dismissed the appeal, affirming the order that denied the requested deductions and upheld the treatment of rental income as business income. en-us Thu, 31 Mar 2022 00:00:00 +0530 Sat, 16 Apr 2022 08:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421048 The Tribunal upheld the decision to treat rental income as business income, denying the assessee's claim for standard deduction and carry forward of capital loss. The Tribunal agreed with the Assessing Officer and Commissioner of Income Tax (Appeals) that the rental income, derived from leasing commercial property with maintenance services, should be classified as business income. The Tribunal dismissed the appeal, affirming the order that denied the requested deductions and upheld the treatment of rental income as business income. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421048